Solana's native token, SOL, has experienced a significant price surge, rising 22.5% amid broader altcoin gains, driven largely by favorable political developments in the U.S. This rally coincides with a record high in open interest for Solana futures, indicating increased institutional interest and demand for derivatives. Strong on-chain metrics and rising total value locked further support expectations for SOL to potentially surpass $200, despite risks associated with speculative trading behaviors.